Monday, October 2 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Oct 02
Week of Sep 25
Week of Sep 18
Week of Sep 11
Week of Sep 04
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    AES buys 2-GW solar-plus-storage project in California from Avantus


    June 7, 2023 - SeeNews Renewables

     

      June 7 (Renewables Now) - US power company AES Corp (NYSE:AES) on Wednesday said it has acquired the largest permitted solar-plus-storage project in the US, the 2-GW Bellefield scheme, in Kern County, California, from its developer, Avantus.

      The late-stage development project has two phases, each including 500 MW of solar and up to 500 MW of four-hour duration battery energy storage. They are expected to become operational in 2025 and 2026, respectively.

      The first phase has a 15-year power purchase agreement (PPA) to supply hourly, clean power to an existing AES corporate customer, the company said. It expects to contract the second phase capacity by the end of 2023.

      "With the addition of Bellefield phase one, our signed PPA backlog grows to more than 12 GW, which represents growth of more than 80% from our current installed renewable generation fleet,” AES president and chief executive Andres Gluski pointed out. Most of this backlog is expected to come online over the next two years, he added.

      AES has been ranked by Bloomberg New Energy Finance (BNEF) as the top developer for signing corporate PPAs in 2021 and 2022.

    TOP

    Other Articles - Utility Business / General


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.